Office building with a large corporate tenant.
Description
The total area of the property is 8,292 m².
There is parking for 450 cars in the territory of the office building.
Type of ownership: Leasehold (125 years).
Financial performance
The cost of the property is 18,000,000 £.
The absolute annual income is 1,170,000 £.
The current yield is 6.5%.
Tenants
The tenant is a large mobile operator in the UK.
The lease agreement is valid until 2025.
Location and nearby infrastructure
The office building is located in an industrial city on the northeastern coast of Great Britain.
Newcastle is a developed cultural and business city in the county of Tyne and Wear.
